Non-indicator strategy for gold with 1 week expiration. Simple rules that allow you to successfully trade binary options without even knowing the basics of the financial market.
Gold is the most volatile trading instrument, so why not use all its advantages in binary options trading?
The essence of the strategy is a simple pattern, and there are many of them, but let's consider one for now: it is a breakdown of the weekly minimum or maximum.
The strategy is very simple and is suitable for a novice trader who has little time for daily monitoring, since the option is bought with an expiration date of 1 week.
The strategy is based on the observation that after gold breaks the low or high of the last three weekly candles, the next week often closes in the direction of the break.
Read also - Turbo Options Strategy: Sliding Fork
Trading rules of the gold strategy
If the high of the current week of the candle is higher than the highs of the last 3 weekly candles, then at the beginning of the next week we buy a Call option with an expiration of 1 week (that is, it will be 5 trading days)
If the low of the current week of the candle is below the lows of the last 3 weekly candles, then at the beginning of the next week we buy a Put option with an expiration of 1 week (that is, the opposite is true)
The strategy should naturally be applied only to those binary options brokers, which have the opportunity to choose the expiration time at the end of the week.
The decision is made to buy an option on Friday, and the deal itself is opened on Monday!
- 1. Open the weekly chart (you can use the program MT4)
- 2. We draw lines along the highs and lows of the last three candles (except for the current one) and look ...
- 3. If the shadow of the current candle sticks out beyond the high or low line, then at the beginning of the next week we buy an option in the direction of the breakdown with expiration at the end of the week.
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